UK Sells GBP3.25 Billion in New January 2027 Gilt

By Miriam Mukuru

The U.K.'s Debt Management Agency sold 3.25 billion British pounds ($3.96 billion) in new January 2027 dated gilts at an auction on Tuesday, it said.

The following are results of the auction, with amounts in GBP. Figures in brackets are data from the previous auction held on Nov. 10, 2022.

 
Issue              4.125% Jan. 29, 2027 gilt 
Amount on offer    3.25 bln 
Bids received      7.14 bln 
Bids accepted      3.25 bln 
Bid-to-cover ratio 2.20 (2.30) 
Average yield      3.472% (3.626%) 
Average price      102.500 (101.936) 
Maximum yield      3.477% (3.630%) 
Settlement date    Dec. 7, 2022 
 

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(END) Dow Jones Newswires

12-06-22 0527ET